ICONIQ Capital LLC Sells 3,125 Shares of iShares Select Dividend ETF $DVY

ICONIQ Capital LLC cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 50.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,039 shares of the company’s stock after selling 3,125 shares during the quarter. ICONIQ Capital LLC’s holdings in iShares Select Dividend ETF were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DVY. Sage Capital Advisors llc grew its stake in shares of iShares Select Dividend ETF by 2.2% during the second quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock valued at $468,000 after buying an additional 64 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in iShares Select Dividend ETF by 1.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after acquiring an additional 69 shares during the period. Harbor Asset Planning Inc. boosted its holdings in iShares Select Dividend ETF by 3.4% during the 1st quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock valued at $333,000 after acquiring an additional 72 shares during the period. Cambridge Advisors Inc. grew its position in iShares Select Dividend ETF by 2.2% during the 1st quarter. Cambridge Advisors Inc. now owns 3,525 shares of the company’s stock worth $534,000 after acquiring an additional 75 shares during the last quarter. Finally, Midwest Trust Co increased its stake in iShares Select Dividend ETF by 0.5% in the 4th quarter. Midwest Trust Co now owns 16,752 shares of the company’s stock worth $2,364,000 after purchasing an additional 76 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $163.80 on Monday. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $167.06. The business’s 50 day simple moving average is $161.27 and its two-hundred day simple moving average is $156.16. The stock has a market capitalization of $23.86 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.